Do Rifles Depreciate? Yes, when a new rifle leaves the store it loses significant value. In some cases, a rifle’s value can actually increase in value over time. There are a few key factors that determine the value and depreciation of a rifle such as brand, caliber, condition, and demand.
Hunting Rifles can lose up to 30% in value once it leaves the store even though it has not been fired and in brand new unused condition.
Depreciation on a Hunting Rifle
Calculating the depreciation of a hunting rifle is much harder and very different from a vehicle. There are various factors involved when calculating the value or depreciation of a rifle. I have done a lot of research on the matter and will discuss all the factors involved.
When we did research we were looking at the rifle itself and did not take into account the extras or accessories that were added onto the rifle, this does make a difference to the value but we will be looking at the value of the actual rifle. We did not look at classic or collector rifles but rather at everyday hunting rifles. With collector rifles, there are a few more key factors involved.
Before we look at the depreciation we need to understand what is used to calculate the value of a rifle. So, let’s jump in.
How a rifle’s value is calculated.
Rifle Brand – Some rifle brand is more common and will be more popular and therefore will sell easier than others.
Rifle Caliber – The rifle caliber plays a huge role in the value. Some calibers are widely used and therefore you will find ammunition easily and this will almost always push up the value since it is more economical to shoot.
Rifle Condition – As with most anything else the condition of a rifle will also play a huge role and if not the most important. There are a few different factors that come into play, this is the overall exterior condition and the condition of the barrel.
Exterior – If a rifle has a lot of scratches and wear and tear marks this will bring the value down a lot. This will most likely show potential buyers that the rifle was used in tough conditions and let’s face it, it just doesn’t look good. We all love a rifle that looks nice.
Barrel – This is actually more important than the stock and rest of the exterior. The inside of the barrel is one of the most important parts of the rifle. When buying a used rifle it is very important to check the barrel or have an expert inspect the weapon.
Rifle Demand – This goes hand in hand with the rifle brand and caliber. Some brands and calibers are more sought after and increase the demand.
Rifle Age – The rifle age does not play as big a role as the rest of the factors. If a rifle is 10 years old but the condition is still excellent the age will not play a big role.
If you look at the depreciation of cars it is quite easy to get a percentage the car will depreciate each year, but with rifles, this is not so easy. You have to look at all the factors involved and with all that in mind you can calculate the value and depreciation.
With that said, your everyday hunting rifle will depreciate the more you use and shoot the rifle. We wanted to provide percentages in this article but that was no easy task to calculate. With each hunting trip and each shot, the rifle will most likely get scratches and wear and tear inside the barrel. with our calculations, it is safe to say that within a few years of purchasing your new rifle it will most likely lose up to 30% in value. Once again we did not take into account that you might have added a scope and sold that with your rifle.
Selling a rifle with a scope or any other accessories will increase the value. Whether you plan on selling your rifle or keeping it in the family for years to come, it will always be beneficial to take good care of your rifle.
With all that being said a well preserved and saught after rifle will not lose as much in value over the years as your car and having an expert have a look will be your best option on getting the exact value for your hunting rifle.